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Gulf Press > Business > Crypto > Trump Announces World Liberty Financial Project Whitelist Now Open
Crypto

Trump Announces World Liberty Financial Project Whitelist Now Open

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Last updated: 2024/10/01 at 5:45 AM
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Former US President Donald Trump recently announced that the whitelist for the World Liberty Financial (WLF) project, a decentralized finance (DeFi) platform, is now open for eligible persons. Trump stated on social media that he plans to make America the crypto capital of the world through this initiative. The WLF project is currently conducting KYC (Know Your Customer) verification for the sale of the WLFI governance token. The project, led by Trump, aims to bring financial freedom and decentralization to the market.

The whitelist for the WLF project is currently open to accredited investors in the U.S. and non-U.S. persons. Despite restrictions on American retail investors, the project emphasizes its mission to bring financial freedom to everyone, regardless of background or bank balance. The project acknowledges the regulatory hurdles that restrict participation in certain DeFi ventures to accredited investors in the U.S., and aims to challenge these regulations to enable broader participation.

Trump’s involvement with the WLF project comes as he campaigns for the presidency, facing opponent Vice President Kamala Harris in the upcoming elections on November 5. Despite Harris leading in recent televised debates, Trump’s endorsement of WLF is seen as part of his strategy to engage with the growing crypto and blockchain communities within the American public. By opening the whitelist for WLF, the project positions itself as an advocate for both financial and regulatory change, working towards making DeFi more accessible to a wider audience.

The WLF project aims to address the outdated policies and regulations in the U.S. that restrict access to DeFi platforms for everyday Americans. By fighting for changes that would allow all Americans to participate in initiatives like World Liberty Financial, the project seeks to promote financial inclusion and revolutionize the financial landscape. Through Trump’s involvement and endorsement, the WLF project is gaining attention within the crypto community and positioning itself as a platform for change in the industry.

As the WLF project moves forward with its whitelist open, it aims to challenge existing regulatory frameworks that limit participation in DeFi platforms. By advocating for changes that would allow all Americans to access the platform, WLF is working towards a more inclusive financial system. Trump’s involvement in the project and his endorsement signal a broader effort to engage with various segments of the American public, particularly those interested in crypto and blockchain technologies. With the upcoming U.S. elections on the horizon, Trump’s support for WLF could have implications for both the political and financial landscapes in the country.

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News Room October 1, 2024
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